WASHINGTON (AP) — Treasury Secretary Steven Mnuchin (mih-NOO’-shin) says President Donald Trump has denied ever suggesting firing Federal Reserve Chairman Jerome Powell.
Trump has been attacking the Fed — and Powell personally — for the central bank’s interest rate increases. Trump blames the independent agency’s hikes for recent stock market turmoil and signs of economic weakness.
Bloomberg News cited four people familiar with the matter in reporting Friday that Trump discussed firing Powell after this week’s rate increase.
But Mnuchin pushed back Saturday in a pair of tweets.